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General conditions for deposits in EUR and USD

The Term deposit agreement may be signed for a period from 30 days to 60 months for euro, and for a period from 30 days to 60 months for US dollar

Interest on the Term deposit is paid either on a monthly basis or upon maturity

For the term of the agreement, the amount in the deposit account is constant

Interest on a earlier terminated deposit agreement is not payable. If the interest has already been paid, they are deducted from the deposit amount. In addition, the refinancing costs borned by the bank must be covered, if term deposit exceeds EUR 50,000 or the equivalent amount in another currency.

The deposits held in Danske Bank are guaranteed with Guarantee Fund for Depositors and Investors Act of the Kingdom of Denmark

The interest rate depends on the terms and conditions of the deposit made. You can find out the interest rate by calling us on the number + 371 67 959 599 or contacting your designated manager or by visiting a customer service branch.

System of insurance of deposits and liabilities to investors

All deposits and assets intended for purchasing financial instruments and held at Danske Bank A/S Latvia Branch are subject to compulsory insurance in The Guarantee Fund for Depositors and Investors (Danish Kingdom).

What is the Guarantee Fund for Depositors and Investors?The Guarantee Fund for Depositors and Investors (hereinafter – the fund) means the body established by the act of Parliament of the Kingdom of Denmark. Within certain limits, the fund reimburses losses incurred by clients of Danish banks, mortgage banks or investment companies, where a bank, a mortgage bank or an investment company is subject to compulsorily dissolution. This protection also applies to all clients of Danske Bank A/S Latvia Branch (hereinafter – the bank) (private individuals and legal entities).

SecuritiesThe fund also compensates the loss incurred by an investor if the investor's securities managed, or administered by the bank, or held in an investor securities account are not returned by the bank. The amount of compensation is EUR 20,000 per investor.

How is the compensation calculated?FundsThe amount of loans and other financial obligations to the bank is deducted from the total sum of cash deposits held by the client at the bank and the balance held in his/her bank accounts. The client is paid a positive balance of funds up to EUR 100,000.

SecuritiesGenerally, suspension of the bank's payments or compulsorily dissolution has no effect on securities, because even in such cases investors usually recover their securities.However, sometimes, securities cannot be returned to the investor. In such cases, the fund reimburses the loss because securities were not recovered in the amount of up to EUR 20,000 per investor less any debts to the bank. However, the compensation cannot exceed the market value of outstanding securities.

How can I apply for compensation?Not later than five business days after commencement of reconstruction or bankruptcy proceedings, the Guarantee Fund will send you a statement of your total balance together with guidelines on how to proceed (the guidelines will also be available at the fund's website).

When you have received the statement, your new bank will help you file a claim with the Guarantee Fund. The Guarantee Fund will pay the deposits to your new bank within seven business days.

An English translation of the Danish Act that regulates the guaranteeing of deposits and securities can be found on the website of the Danish Financial Supervisory Authority that can be accessed at www.finanstilsynet.dk or www.dfsa.dk.

You are always welcome to contact us if you have questions about how we process personal data. You can contact our Data Protection Function, Holmens Kanal 2-12, 1092 København K, Denmark, or by email: DPOfunction@danskebank.com